Dividend Contenders: 23 Increases Expected In The Next 11 Weeks

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Includes: ATNI, ATRI, BANF, BBL, BHP, BMI, CBU, CNQ, CPKF, CRR, HCC, HRS, IFF, IMO, LYBC, MUR, MXIM, NJR, RBA, RSG, SPAN, TCP, WTR
by: David Fish

Summary

Activity to Pick Up in August and September.

Double-Digit Increases Likely from up to a Dozen Firms.

Will Strong Dollar Derail Foreign Streaks?

In compiling the Dividend Champions list (found here) I get to see which companies are nearing the anniversaries of their previous dividend increases. Since most of these firms raise their payout about the same time every year, I can say with some confidence that they are likely to do so again. I have separated the Champions (25 or more years of higher dividends), Contenders (10-24 years), and Challengers (5-9 years) into distinct groupings, so please look for the other articles, which I hope will be published about the same time. Note that "CCC" refers to the combination of Champions, Contenders, and Challengers.

Summer Recess Coming to an End

The pace of dividend increases dramatically slowed from May to July, but the level of dividend-increase activity should pick up again in August, as indicated below. We're also likely see the usual spate of quarterly hikes in late July and early August by more than two dozen Master Limited Partnerships (or MLPs), particularly among the Contenders and Challengers, and the addition of new Challengers appears ready to step up again soon. The table below coincides with the usual "forward look" of about 11 weeks for this article. Based on last year's announcements, I'm expecting the following companies to announce dividend increases between now and the anniversary of the Ex-Dividend Date of their previous increase:

Dividend Contenders (10-24 years):

Company

Ticker

No.

6/30

Div.

MR%

LY

Ann.

Name

Symbol

Yrs

Price

Yield

Inc.

Ex-Div

Div.

CARBO Ceramics

(NYSE:CRR)

13

154.12

0.78

11.11

7/30/13

1.20

TC Pipelines LP

(NYSE:TCP)

14

51.66

6.27

3.85

8/1/13

3.24

Aqua America Inc.

(NYSE:WTR)

22

26.22

2.32

8.57

8/14/13

0.61

Span-America Medical

(NASDAQ:SPAN)

15

21.22

2.64

12.00

8/16/13

0.56

Murphy Oil Corp.

(NYSE:MUR)

17

66.48

1.88

16.13

8/19/13

1.25

Maxim Integrated Prod.

(NASDAQ:MXIM)

12

33.81

3.08

8.33

8/20/13

1.04

Ritchie Brothers Auct.

(NYSE:RBA)

11

24.65

2.11

6.12

8/21/13

0.52

Badger Meter Inc.

(NYSE:BMI)

21

52.65

1.37

5.88

8/28/13

0.72

Chesapeake Financial

(OTCQB:CPKF)

21

17.60

3.07

12.50

8/29/13

0.54

Imperial Oil Ltd.

(NYSEMKT:IMO)

21

52.63

0.89

1.05

8/30/13

0.47

BHP Billiton Ltd.

(NYSE:BHP)

11

68.45

3.45

3.51

9/4/13

2.36

BHP Billiton plc

(NYSE:BBL)

11

65.23

3.62

3.51

9/4/13

2.36

Harris Corp.

(NYSE:HRS)

12

75.75

2.22

13.51

9/6/13

1.68

Atrion Corp.

(NASDAQ:ATRI)

11

326.00

0.79

14.29

9/11/13

2.56

Canadian Natural Res.

(NYSE:CNQ)

13

45.91

1.02

16.34

9/11/13

0.47

Community Bank System

(NYSE:CBU)

21

36.20

3.09

3.70

9/12/13

1.12

New Jersey Resources

(NYSE:NJR)

18

57.16

2.94

5.00

9/19/13

1.68

Int'l Flavors & Fragrances

(NYSE:IFF)

11

104.28

1.50

14.71

9/24/13

1.56

Atlantic Tele Network Inc.

(NASDAQ:ATNI)

16

58.00

1.86

8.00

9/26/13

1.08

BancFirst Corp. OK

(NASDAQ:BANF)

20

61.90

2.00

6.90

9/26/13

1.24

Lyons Bancorp Inc.

(OTCQB:LYBC)

13

40.00

3.30

6.45

9/26/13

1.32

HCC Insurance Holdings

(NYSE:HCC)

17

48.94

1.84

36.36

9/27/13

0.90

Republic Services Inc.

(NYSE:RSG)

11

37.97

2.74

10.64

9/27/13

1.04

Click to enlarge

MR=Most Recent; LY=Last Year

Not all of the above companies will meet the strict standards of every investor, but some may be appropriate for portfolio diversification. Potential investors should do more research before committing funds.

Every Picture Tells a Story

As a bonus, I'm inserting one of Chuck Carnevale's F.A.S.T. Graphs below, highlighting one of the companies listed above. When the stock's price line has moved into the green area, it indicates that the stock is undervalued in relation to its earnings. I'm attaching the chart below.

Disclosure: The author is long WTR. The author wrote this article themselves, and it expresses their own opinions. The author is not receiving compensation for it (other than from Seeking Alpha). The author has no business relationship with any company whose stock is mentioned in this article.

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